Johnson Outdoors (JOUT) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Johnson Outdoors (NASDAQ:JOUT) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

A number of other research firms have also issued reports on JOUT. BidaskClub upgraded shares of Johnson Outdoors from a strong sell rating to a sell rating in a report on Wednesday, October 31st. Imperial Capital restated an outperform rating and issued a $75.00 target price (down from $110.00) on shares of Johnson Outdoors in a report on Friday, December 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $81.00.

NASDAQ:JOUT opened at $62.20 on Tuesday. The stock has a market capitalization of $605.51 million, a price-to-earnings ratio of 13.26 and a beta of 0.99. Johnson Outdoors has a 12-month low of $54.66 and a 12-month high of $107.36.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Monday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.22). The firm had revenue of $104.44 million during the quarter, compared to analysts’ expectations of $119.92 million. Johnson Outdoors had a net margin of 8.26% and a return on equity of 15.95%. As a group, equities research analysts predict that Johnson Outdoors will post 4.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 24th. Shareholders of record on Thursday, January 10th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 9th. This represents a $0.56 dividend on an annualized basis and a yield of 0.90%. Johnson Outdoors’s dividend payout ratio (DPR) is 11.94%.

In other news, CFO David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $60.06, for a total transaction of $60,060.00. Following the completion of the transaction, the chief financial officer now owns 15,958 shares of the company’s stock, valued at approximately $958,437.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 18.60% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. increased its stake in shares of Johnson Outdoors by 16.4% during the 4th quarter. Citigroup Inc. now owns 1,558 shares of the company’s stock valued at $92,000 after acquiring an additional 220 shares during the last quarter. Cypress Capital Management LLC WY increased its stake in shares of Johnson Outdoors by 20.5% during the 3rd quarter. Cypress Capital Management LLC WY now owns 4,170 shares of the company’s stock valued at $388,000 after acquiring an additional 710 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Johnson Outdoors by 7.5% during the 3rd quarter. Teachers Advisors LLC now owns 11,193 shares of the company’s stock valued at $1,041,000 after acquiring an additional 779 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in shares of Johnson Outdoors by 4.2% during the 3rd quarter. Essex Investment Management Co. LLC now owns 19,389 shares of the company’s stock valued at $1,803,000 after acquiring an additional 783 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Johnson Outdoors by 2.6% during the 4th quarter. LSV Asset Management now owns 31,500 shares of the company’s stock valued at $1,850,000 after acquiring an additional 800 shares during the last quarter. 61.06% of the stock is owned by institutional investors.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

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